Sep 28, 2012 4:00am PDT
the competition is telling us about global economies. paul eggers reports next. we are this close... ...to making history. we are this close... this close... we are this close to ending polio. all we need is you. this close... be a part of history at rotary.org the paris auto show comes at a tough time for european automakers. car companies in europe are bracing for a drop in sales. but that didn't stop the spotlight from shining on the city of lights for one of the nation's largest car shows. high-end auto mobiles from bentley, lamborghini and jaguar were rolled out this week, as auto makers target drivers of luxury automobiles. the show comes at a time when new car registrations in the region have slowed 7%. teams from europe and the u.s. are teeing off for the ryder cup this week. this year's match is happening just outside of chicago. paul eggers reports on how the economy is coming into play on the golf course. a gallery of more than 40,000 golf fanatics from across the u.s. and europe will visit medinah country club each of the next three days for golf's premier team event.
Oct 1, 2012 4:00am PDT
. > > right. unfortunately we continue to see a slight deterioration in the small business economy. we're seeing the number of folks on the payroll decline slightly. it's down 20 basis points month- over-month. and the average paycheck remains flat, which means that people are not getting more hours at a time when clearly people need larger paychecks. > > also, optimism i was rather shocked to see drop - what was it? - 15%? > > we saw a very significant drop in optimism from 60% to 45%. that means less than 1 in 2 small business owners are optimistic about the future. the real issue and the real challenge with that is, as a small-business owner, i make my decisions about hiring and growing my business based on how comfortable i am about my future success and the return on that investment. when i'm pessimistic, like we are right now, i'm going to freeze. > > it seems to be tied to the election right now, because you asked that very question. > > we did, and it was a little surprising, but we found that in 3 in 4 small businesses, their optimism is really tied to the election. they'r
Oct 3, 2012 4:00am PDT
conversation on the economy. out of six 15-minute segments, 3 will focus on the nation's finances. the economy remains a top issue for voters. and many americans are anticipating a victory from the president. pew research reports 51% of voters say they think obama will win in tonight's broadcast. an analyst with the sunlight foundation tells first business that the pressure is on for the romney campaign. "in the polls it looks like romney is falling behind and falling further behind in the battleground states. although nationally it's a very close election, he's been hammered in the battleground states. the debates can be a great equalizer for him, but also that increases the pressure on him, whereas i think we are going to see barack obama playing a lot more defense." that was bill allison of the sunlight foundation. at long last, a wall street firm is being sued for fraud in connection with the housing crash. the suit was filed monday by the new york attorney general. the lawsuit holds jp morgan chase responsible for action by wall street firm bear stearns, which it acquired in 2008.
Oct 4, 2012 4:00am PDT
u.s. economy. my plan has 5 basic parts. one get us north america energy independent, that creates about 4 million jobs. number two open up more trade particularly in latin america, crackdown on china if and when they cheat, number three make sure our people have the skills they need to succeed, and the best schools in the world (we're far away from that now), number four get us to a balanced budget, number 5 champion small business. gov romney's central economic plan calls for a 5 billion dollar tax cut, on top of the extension of the bush tax cuts-- that's another trillion dollars and 2 trillion dollars in military spending that the military hasn;t asked for. that's 8 trillion dollars. how we pay for that, reduce the deficit, make the investments we need to make without dumping those costs on the middle class americans is one of the central questions of this campaign. president barack obama and former governor mitt romney adapted to the new format of debate, six segments of 15 minutes each. the next presidential debate is october 16th. mr. romney is expected to hit the airwaves t
Oct 2, 2012 4:00am PDT
continue lowering borrowing rates while the economy continues to grow slowly, and that its bond-buying strategy will continue. he insisted that five years of low interest rate policies have not increased inflation. the fed plans to hold the interest rate near zero until at least mid- 2015. bernanke also indicated that there is not another recession on the horizon, but the economy still isn't strong enough to add jobs faster than the current rate. in greece, union workers are preparing for more 24-hour strikes and walk-outs this month. workers are protesting the government's austerity measures. government officials submitted a draft of the 2013 budget yesterday that calls for a new wave of deep cuts which will save $10 billion next year. workers will protest proposed cuts to salaries, pensions and other benefits. last week, 50,000 people in athens demonstrated against austerity. wages in china are going up - by some estimates, about 17% a year. it is providing china's growing middle class with more money to buy goods, though inflation is not helping. but it may also drive up the